Premarket stocks: The strange reason America’s economy is shrinking

Premarket stocks: The strange reason America’s economy is shrinking

Factories shutting down. A wave of job losses and few open positions. Huge financial losses that batter most industries. So what is happening, and where could we be headed? The answer to both questions could be found in the country’s stockrooms. Breaking it down: US GDP for the second quarter fell at an annualized rate

Chinese EV stocks gain; China reportedly mulling policies to support manufacturing growth

Chinese EV stocks gain; China reportedly mulling policies to support manufacturing growth

Jinli Guo/iStock via Getty Images Shares of U.S.-listed Chinese electric vehicle (EV) makers rose on Tuesday amid broader gains in the sector, supported by China’s industrial regulator reportedly mulling policies to stabilize manufacturing growth. The Ministry of Industry and Information Technology (MIIT) held an expert symposium on Jun. 17, in which policy recommendations were discussed,

U.S. stocks meander after sharp drop on economic concerns

U.S. stocks meander after sharp drop on economic concerns

U.S. stocks meandered Friday, ending a punishing week mixed after tumbling the prior day on fears that economic activity would be curtailed by interest rate hikes to cool inflation. After turning tail on Thursday, benchmark indexes fell in afternoon trading, with the Dow Jones Industrial Average dipping 38 points, or 0.1%, to close at 28,889.